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• Farzin Emrani, Shlomi Ronen and Steven Yazdani Form Lucent Capital
7/20/10
Former Carlton Group brokers Farzin Emrani, Shlomi Ronen and Steven Yazdani have formed Lucent Capital, a real estate finance advisory firm specializing in loan sales and capital placement. In the past five years, Emrani, Ron...
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• Kilroy’s Buying Spree Includes 99k sf OC Office Property
7/19/10
Kilroy Realty acquired a 98.6k sf office building in Orange County for $22.25 mil ($226/sf). The building, located at 999 Town and Country Rd, south of the 22 Fwy and east of Main St in the city of Orange, is a 100 percent l...
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• Dynacorn Pops Up in Camarillo
7/16/10
Dynacorn International Inc agreed to a seven-year lease for a 99k sf industrial building in Camarillo. The property is at 4030 Via Pescador, north of the 101 Fwy and on the east side of Lewis Rd. The transaction has a total v...
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• Gas Company Renews 350k sf in Downtown LA
7/15/10
In a major office lease in downtown Los Angeles, Southern California Gas Company (The Gas Company) has agreed to a 15-year renewal for its 350k sf of space at The Gas Company Tower, located at 555 W. Fifth St, four blocks eas...
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• Kilroy Completes $70 Mil San Diego Office Buy
7/15/10
Kilroy Realty Corporation closed on a large San Diego office acquisition, paying $70.5 mil for Mission City Corporate Center, a 279.4k sf ($252/sf) complex in Mission Valley, in two separate deals months apart. The buy consi...
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• Cerritos Industrial Building Sells for $4.4 Mil
7/14/10
D & D Management LLC acquired a 48.4k sf industrial building in Cerritos for $4.35 mil ($90/sf). The structure is located on a 100k sf site at 17719 Valley View, south of Artesia Blvd and north of the 91 Fwy.
Built in 1980, ...
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• San Diego Office Complex Purchased by Colony Realty Partners for $31.5 Mil
7/13/10
By Allen Wolfsheimer
An institutional-quality, San Diego-area office property traded hands in a recent $31.5 mil investment acquisition by Colony Realty Partners. The property is Spectrum Corporate Plaza, a two-building, 128...
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• New Upscale Santa Monica Res Project Lands $6.4 Mil in Construction Financing
7/13/10
Thousand Oaks-based Griess & Associates has arranged $6.35 mil in construction financing for a nine-unit luxury condo project at 125 Pacific St in Santa Monica. The project is located just one block from the beach and within ...
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• JLL’s Siteman Named President of SoCal Chapter of 7x24 Exchange International
7/13/10
The Southern California Chapter of 7x24 Exchange International, a leading knowledge exchange for those who design, build, use and maintain mission-critical enterprise information infrastructures, has named Michael Siteman of ...
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• Packaging Products Company Spends $22 Mil on OC Industrial Property
7/12/10
We’ve got a large OC industrial sale to report, as Frick Family Properties LLC, doing business as Paper Mart, purchased a 246.7k sf facility in the city of Orange for $22.2 mil ($90/sf). The headquarters/distribution building...
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• OC Sales Review Covers Recent San Juan Capistrano, Aliso Viejo and Santa Ana Deals
7/09/10
In recent sales activity from Orange County, a 16.8k sf office building at Valle Ranch Business Park in San Juan Capistrano was purchased by a private investor for $2.52 mil ($150/sf). The building, visible off I-5 next to th...
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• National University Agrees to Ontario Office Renewal
7/08/10
National University, California’s second-largest private, non-profit institution of higher education, recently closed a notable office lease in Ontario, agreeing to a long-term deal for 25k sf with the Empire Towers office pa...
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• 264k sf Ontario Industrial Facility Sells to Cels
7/08/10
In a recent Ontario owner/user buy, Cels Enterprises, a shoe sales company, purchased a 264.7k sf industrial building at 1251 S. Rockefeller Ave, north of Jurupa St and just west of I-15. The property was sold by Arrow Electr...
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• WorldLink Renews Its Miracle Mile HQ Space
7/08/10
In the latest office activity in LA’s Miracle Mile submarket, WorldLink Ventures Inc signed a six-year, $2.25 mil renewal deal for 12k sf ($2.60/sf/mo) of space at 6100 Wilshire Blvd, at the corner with Fairfax Ave. The 16-st...
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• Mar Ventures Receives LEED Certification for El Segundo Property
7/07/10
The Los Angeles Military Entrance Processing Station in El Segundo has received LEED (Leadership in Energy & Environmental Design) Gold Certification from the US Green Building Council, making it the first building in the Cit...
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• Clothing Distribution Company Leases San Bernardino Facility
7/06/10
FTDI West Inc, a Florida-based clothing distribution and logistics company, signed a 66-month lease for the entire 191.2k sf building at 5404 Industrial Pkwy in San Bernardino, within the Industrial Parkway Business Center. ...
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• Barker Pacific Affiliate Acquires 108k sf Self-Storage Facility in Santa Maria
7/06/10
Los Angeles-based real estate developer Barker Pacific Group (BPG), through its affiliate Union Development Company (UDC), acquired A-American Self Storage in Santa Maria, a 108.6k sf self-storage and RV storage facility. Lo...
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• Sorrento Mesa Site Acquired for Cancer Treatment Center
7/02/10
In San Diego development news, seven acres of land in Sorrento Mesa were purchased by Advanced Particle Therapy for the Scripps Proton Therapy Center. The site, located at the southwest corner of Camino Santa Fe and Summer Ri...
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• 40-Story Downtown LA Skyscraper Listed for Sale
7/01/10
By Allen Wolfsheimer
In a sign that office high-rise investor activity in the greater Los Angeles area may be picking up, here’s an update about a major Class A tower on the market. The property is the 626k sf Union Bank Pla...
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• ARK Lands Two Additional San Diego Management Assignments
7/01/10
ARK Management has added two San Diego-area properties, totaling more than 100k sf of space, to its third-party management portfolio in May 2010 alone. The new third-party management contracts are for Siempre Viva III in San...
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